The Personal Finance Podcast - How Millions Retire With Nothing in Savings

Join the community built to help you master your money, stay accountable, and reach financial freedom. 👉 Join Master Money Academy https://mastermoney.co/join/ today! In this episode of The Personal Finance Podcast, Andrew reveals how millions of Americans retire with far less than $1 million—the median retiree age 65-74 has only $200,000 saved and 40% live solely on Social Security. He breaks down how people make it work by relying on Social Security, paid-off homes, modest spending, and part-time work, exposes the hidden costs of "barely getting by" retirement, and shares a practical gameplan if you're behind so you can aim higher than just survival. Listen to The Business Show here https://www.thebusinessshowpodcast.com/episodes/ Partner Deals Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at http://indeed.com/personalfinance Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com/PFP Acorns: Start investing automatically with Acorns and get a $5 bonus at http://Acorns.com/PFP Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at http://chime.com/ DELL: Get a new Dell AI PC starting at $749.99, at http://Dell.com/ai-pc Policy Genius: Go to policygenius.com to get your free life insurance quote. Wayfair: Shop outdoor furniture, grills, lawn games, and WAY more for WAY less http://wayfair.com DeleteMe: Go to https://joindeleteme.com/PFP20/ and Use Promo Code PFP for 20% off! Resources Mentioned The Total Cost of Ownership Calculator https://mastermoney.co/total-cost-of-ownership-calculator/ Links of the Episode Mentioned: The 1-3-6 Method For Building & Managing Your Emergency Fund https://www.thepersonalfinancepodcast.com/the-1-3-6-method-for-building-managing-your-emergency-fund/ The Average Retirement Savings By AGE! (2025 Edition) https://www.thepersonalfinancepodcast.com/the-average-retirement-savings-by-age-2025-edition/ Latest Podcast Videos: How Much Is in Retirement Accounts (By Generation!) + Money Q&A https://youtu.be/ilN0QLvPJ14 How to Automate Your Finances (Money on Autopilot!) https://youtu.be/Fenu_LtdmZU The Ultimate Year End Money Checklist (2025 Edition) https://youtu.be/zwhydWBdDdo Buying a House VS. Investing In the S&P 500 (Which Is Better?) https://youtu.be/6iwf_4iQz0c Connect With Andrew on Social Media: Instagram https://www.instagram.com/mastermoneyco/ TikTok https://www.tiktok.com/@mastermoneyco Twitter https://twitter.com/mastermoneyco Master Money Website https://mastermoney.co/